From 2013 to 2023, Sweden's transport services exports exhibited a downward trend marked by occasional fluctuations. The values dropped from 17.28 in 2013 to 11.5 in 2023. The largest year-on-year decline was in 2020 at -13.17%, likely due to the global impact of the COVID-19 pandemic. However, there was a significant rebound in 2022 with an 11.77% increase. The CAGR over the past five years stands at -3.2%, reflecting a consistent decrease in export values.
Future trends to watch for:
- Continued downward trend in transport services exports, with a forecasted CAGR of -4.08% from 2024 to 2028.
- Potential impacts of global economic conditions and trade agreements on export volumes.
- Technological advancements in transportation and logistics that could alter market dynamics.